Trolley, a Toronto, Canada-based provider of a global payouts platform, raised $23M in Series B funding.
The round was led by Wavecrest Growth Partners, with participation from Pace Capital.
The company intends to use the funds to accelerate product development, broaden its market presence, and enhance its platform to better serve businesses ranging from startups to Fortune 500 companies. The new capital will also be strategically deployed to:
- Enhance product offerings: Expand its platform and payment network and develop new features that address the evolving needs of businesses managing the nuances of global payouts.
- Expand our customer-base: Invest in developing and extending the capabilities of its solutions for adjacent industries and new geographies.
- Innovate novel compliance solutions: Continue to advance its tax compliance, digital reporting, ID verification, and fraud prevention technologies.
Led by Tim Nixon, CEO and Founder, Trolley provides an end-to-end payouts platform built for the internet economy, helping businesses manage payouts, tax compliance, and ID verification for contractors around the globe. Finance and product teams across hundreds of organizations, including SoundCloud, Envato, Downtown Music, Bugcrowd, Creator IQ, and BandCamp, use it to streamline workflows, reduce risk, and operate at scale.
FinSMEs
13/11/2024